Book Value of Debt $69 million YTM 6% Coupon 7% Coupon Payments annually Years 10 Corporate Tax Rate 31% # of Preferred Shares 2 million Price of Preferred Share $27 Dividend per Preferred Shares $1.48 # of Common Shares 6 million Price of Common Share $15 of Common Stock 0.5 Risk-Free Rate 4% Market Return 14% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES